Independent Director Sec 149(6)(d)(i)

This discussion clarifies the application of the 2% paid-up capital limit for independent directors under Section 149(6)(d)(i) of the Companies Act. Participants confirm that the limit, which also has a monetary threshold of ₹50 lakh, is to be considered cumulatively across a director's holding in the company, its subsidiaries, associates, and holding company. This cumulative approach ensures a consistent application of the independence criteria.